In the latest press release, Criteo S.A. has revealed changes in its segment reporting and financial metrics for the years ended 2023 and 2022, as well as the three and twelve months ended in those respective years. The company has combined Iponweb and Marketing Solutions into the newly created Performance Media segment, leading to significant shifts in its reported figures.
The table provided in the press release shows that the gross profit for the year ended December 31, 2023, under the new segment structure, was $863,044, the same as the recast figure for 2022. However, other cost of revenue increased from $133,024 in 2022 to $159,562 in 2023.
Looking at the breakdown of revenue, the Performance Media segment saw a slight decrease in revenue from the recast 2022 figure to 2023, while Retail Media experienced an increase in revenue for the same period.
In terms of contribution ex-TAC (Traffic Acquisition Costs), Performance Media saw an increase in the twelve months ended 2023 compared to the recast 2022 figure, while Retail Media also experienced a significant rise in the same period.
As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $33.06. For the full picture, make sure to review Criteo's 8-K report.
